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"GMAC and its Residential Capital LLC home lending unit plan to dismiss 5,000 employees, or 60 percent of the staff, and close all 200 GMAC Mortgage retail offices because of weak real estate markets"
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Yikes... and Homecomings is gone too, no loss there...
I wonder if Ditech's advertsing budget has anything to do with it? Maybe they should trim it down to two hours of commercials a day instead of 3?
Yeah heard about this one this morning from our lock desk. It sounds like their correspondent lending isn't going to be changed around...... yet.
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